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Shell and BP paid zero tax on North Sea gas and oil for three years

The Observer: Shell and BP paid zero tax on North Sea gas and oil for three years

 

Jon Ungoed-Thomas: Sat 30 Oct 2021 20.15 BST

Shell and BP, which together produce more than 1.7bn tonnes of greenhouse gases a year, have not paid any corporation tax on oil and gas production in the North Sea for the last three years, company filings reveal.

The oil giants, which have an annual global footprint of greenhouse gases more than five times bigger than Britain’s, are benefiting from billions of pounds of tax breaks and reliefs for oil and gas production.

Shell and BP paid no corporation tax or production levies on North Sea oil operations between 2018 and 2020…

FULL ARTICLE

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